Can I invoice in bitcoins?
26 October 2017
A client recently asked our Digital & Innovation department the following question: “Can I invoice in bitcoins?”. This novel question inspired us to write this white paper and give you a perspective on the "ready to use solution" for e-invoicing. We have consulted our various experts within BDO in order to put together a comprehensive answer.
In this white paper:
- What is bitcoin?
- How is this digital currency created?
- How can they be obtained?
- How much is one bitcoin worth?
- Is it possible to invoice in bitcoins?
- Concept of legal validity
- Concepts of bank account (IBAN-code) and addresses
- Accounting treatment and electronix processing of the exchange rate
- Payments Log
- VAT declaration and payment
- Will blockchain technology support the use of digital invoicing?
- Our approach